Nexgen Energy Stock Market Value

NXE Stock  CAD 10.47  0.05  0.48%   
NexGen Energy's market value is the price at which a share of NexGen Energy trades on a public exchange. It measures the collective expectations of NexGen Energy investors about its performance. NexGen Energy is selling at 10.47 as of the 21st of April 2024; that is -0.48 percent decrease since the beginning of the trading day. The stock's open price was 10.52.
With this module, you can estimate the performance of a buy and hold strategy of NexGen Energy and determine expected loss or profit from investing in NexGen Energy over a given investment horizon. Check out NexGen Energy Correlation, NexGen Energy Volatility and NexGen Energy Alpha and Beta module to complement your research on NexGen Energy.
To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.

NexGen Energy Price To Book Ratio

Please note, there is a significant difference between NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NexGen Energy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NexGen Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NexGen Energy.
No Change 0.00  0.0 
In 1 year 11 months and 22 days
If you would invest  0.00  in NexGen Energy on May 2, 2022 and sell it all today you would earn a total of 0.00 from holding NexGen Energy or generate 0.0% return on investment in NexGen Energy over 720 days. NexGen Energy is related to or competes with Forum Energy. NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluatio... More

NexGen Energy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NexGen Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NexGen Energy upside and downside potential and time the market with a certain degree of confidence.

NexGen Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for NexGen Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NexGen Energy's standard deviation. In reality, there are many statistical measures that can use NexGen Energy historical prices to predict the future NexGen Energy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NexGen Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as NexGen Energy. Your research has to be compared to or analyzed against NexGen Energy's peers to derive any actionable benefits. When done correctly, NexGen Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NexGen Energy.

NexGen Energy Backtested Returns

We consider NexGen Energy somewhat reliable. NexGen Energy has Sharpe Ratio of 0.0435, which conveys that the firm had a 0.0435% return per unit of risk over the last 3 months. We have found thirty technical indicators for NexGen Energy, which you can use to evaluate the volatility of the firm. Please verify NexGen Energy's Downside Deviation of 2.89, mean deviation of 2.14, and Risk Adjusted Performance of 0.02 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. NexGen Energy has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. NexGen Energy returns are very sensitive to returns on the market. As the market goes up or down, NexGen Energy is expected to follow. NexGen Energy right now secures a risk of 3.07%. Please verify NexGen Energy kurtosis, and the relationship between the downside variance and day median price , to decide if NexGen Energy will be following its current price movements.



Very weak predictability

NexGen Energy has very weak predictability. Overlapping area represents the amount of predictability between NexGen Energy time series from 2nd of May 2022 to 27th of April 2023 and 27th of April 2023 to 21st of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NexGen Energy price movement. The serial correlation of 0.16 indicates that over 16.0% of current NexGen Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.08
Residual Average0.0
Price Variance3.32

NexGen Energy lagged returns against current returns

Autocorrelation, which is NexGen Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NexGen Energy's stock expected returns. We can calculate the autocorrelation of NexGen Energy returns to help us make a trade decision. For example, suppose you find that NexGen Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   

NexGen Energy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NexGen Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NexGen Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NexGen Energy stock over time.
   Current vs Lagged Prices   

NexGen Energy Lagged Returns

When evaluating NexGen Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NexGen Energy stock have on its future price. NexGen Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NexGen Energy autocorrelation shows the relationship between NexGen Energy stock current value and its past values and can show if there is a momentum factor associated with investing in NexGen Energy.
   Regressed Prices   

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NexGen Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NexGen Energy's short interest history, or implied volatility extrapolated from NexGen Energy options trading.

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When determining whether NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's future performance. For an informed investment choice regarding NexGen Stock, refer to the following important reports:
Check out NexGen Energy Correlation, NexGen Energy Volatility and NexGen Energy Alpha and Beta module to complement your research on NexGen Energy.
To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.
Note that the NexGen Energy information on this page should be used as a complementary analysis to other NexGen Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running NexGen Energy's price analysis, check to measure NexGen Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
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NexGen Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of NexGen Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NexGen Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...